Tag Archive : Entrepreneur

/ Entrepreneur

Memphis, Tennessee — Antivirus software entrepreneur John McAfee has been charged with evading taxes after failing to report income made from promoting cryptocurrencies while he did consulting work, made speaking engagements and sold the rights to his life story for a documentary, prosecutors in Tennessee said Monday.
 
A June indictment charging McAfee with tax evasion and willful failure to file tax returns was unsealed in federal court in Memphis on Monday after McAfee’s arrest in Spain, where extradition to the U.S. is pending, the U.S. attorney’s office said in a news release.
 
Online court records do not show whether McAfee has a lawyer to speak on his behalf about the charges.

McAfee developed early internet security software and has been sought by authorities in the U.S. and Belize in the past.

The indictment said McAfee failed to file tax returns from 2014 to 2018, despite receiving “considerable income” from several

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John McAfee, the controversial software entrepreneur, has been arrested in Spain on US charges that he evaded taxes on millions of dollars he earned from activities such as touting cryptocurrencies.

The US Department of Justice announced the criminal charges on Monday and said the extradition of Mr McAfee from Spain was pending. The Securities and Exchange Commission filed parallel civil charges.

Mr McAfee, who founded the antivirus software company that bears his name, hid millions of dollars of income from US tax authorities — including from promoting cryptocurrencies and selling the rights to his life story, according to the justice department.

He used bank and cryptocurrency accounts in the names of others to hide income earned between 2014 and 2018, prosecutors alleged. Assets he bought, including a yacht, were similarly held in the names of nominees to evade paying taxes, according to the criminal indictment.

Mr McAfee was a highly

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It takes hard work, determination, and talent to achieve startup success, but getting an early break from a major business leader like Lord Alan Sugar can be a real game changer, as entrepreneur Ross Testa, founder of video and social media agency 3 Heads Agency discovered.

At school, Testa had no idea where his future career lay. While his friends pursued predictable routes into law, medicine, and journalism, he admits that his plans were non-existent. Everything changed when, aged 18, he decided to organize a charity week at school to raise money for the Teenage Cancer Trust after one of his closest friends, Ellis Haggith, was diagnosed with leukemia.

He says: “I was determined to make it a success, and it was: the campaign raised just under £5,000 in one week. We had support from a lot of businesses and celebrities, and the experience made

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